[PEN-L:190] BLS Daily Report

[Richardson_D]

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BLS DAILY REPORT, TUESDAY, SEPTEMBER 22, 1998

RELEASED TODAY:  The number of employed youth increased by 2.5 million
from April to July, the traditional summertime peak for youth
employment.  This year's seasonal expansion in employment of 16- to
24-year-olds was lower than in the preceding summer.  The number of
unemployed youth also rose as it typically does at this time of the
year, growing by 702,000 between the spring and summer. ...   

Fatal injuries in the workplace inched up 16 to 6,218 in 1997, the Labor
Department said.  Job-related highway deaths, the biggest cause of work
fatalities, rose to a record 1,387, while workplace homicides fell to
856, their lowest level since the department began collecting the data
six years ago. ... ("Work Week," Wall Street Journal, page A1).

Saddled with huge trading losses and a dearth of stock and bond deals,
Wall Street securities firms are poised to post their worst quarterly
results since the fourth quarter of 1994.  And that prospect already has
some major firms considering layoffs.  " The swiftness and amplitude of
the decline has really put the industry on notice," said an analyst. ...
(Wall Street Journal, page A3).

BellSouth  Telecommunications of Miami says it has taken more than six
months to fill 500 newly created jobs in Florida.  Even more
surprisingly, it went through 10,000 applicants before getting the
people it wanted.  The story is the same for other big corporate
employers throughout the South but particularly in Florida, where a lot
of companies have largely abandoned normal recruiting procedures such as
classified advertising to rely on signing bonuses, putting notices on
the Internet, and offering prizes to employees who bring in new workers.
The president of the BellSouth unit is frustrated that high schools and
colleges are not turning out more qualified people. ... It also says
something about the tightness of the labor market at a time when
unemployment nationwide is just 4.5 percent and even lower in many
economic hot spots such as Florida and California. ... (New York Times,
page C4).

DUE OUT TOMORROW:  Employee Tenure in 1998


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